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cliff talks. he wants the america's youth to use the social networking prowess to get congress to take action. does even the almighty psy have the power to get everybody together? i don't know. joining us with democratic congresswoman karen bass. thank you so much for joining our show tonight. obviously alan simpson is very worried about people getting involved. do you feel like the american public is tuned into this debate or are they sick of hearing all the fighting back and forth and they're tuning out? >> you have to love the former senator. he is quite hilarious. i think people are tuned in. i think people are aware. people know that, you know, 98% of americans could have their tax rates stable and not have their taxes go up. and you know, there are some taxes that would go up if we two off the fiscal cliff. you're talking about a family that makes about $50,000 having a tax increase of $4,000. melissa: congresswoman, this drives me crazy. when we look at all the numbers we immediately start
cliff talks. he wants the america's youth to use the social networking prowess to get congress to take action. does even the almighty psy have the power to get everybody together? i don't know. joining us with democratic congresswoman karen bass. thank you so much for joining our show tonight. obviously alan simpson is very worried about people getting involved. do you feel like the american public is tuned into this debate or are they sick of hearing all the fighting back and forth and they're...
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Nov 29, 2012
11/12
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Nov 27, 2012
11/12
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cliff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings, pointing to strong sales of its k cup coffee & tea packs. >>> apple reportedly fired the manager behind apple maps. iphone software has been widely panned for flaws and inaccuracies since its launch back in september. what you really want is an accurate map, so there you go. >>> on to our top story tonight, president obama ups the ante on fiscal cliff pressure meeting with small business owners from all walks of live at the white house today. the million dollar question? what will be the real impact on small businesss? with me now, straight from that meeting in a fox business exclusive is the cofounder of book to the roots, an urban mushroom farm growing gourmet business. wow i have to ask yyu a lot about that because i don't under
cliff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings, pointing to strong sales of its k cup coffee & tea packs. >>> apple reportedly fired the manager behind apple maps. iphone software has been widely panned for flaws and inaccuracies since its launch back in...
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Nov 29, 2012
11/12
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that formerly sacred and untouchable deduction is on the table for fiscal cliff talks. that costs the government $100 billion a year. you know they're looking at every rock for revenue. it would take buyers away from the house market and it could be devastating to the economy. we have lindsey piegza and dan mitchell, from the cato institute. welcome to you both. lindsey, let me start with you. we shouldn't be surprised everything is on the table here, right? >> sure. but this is a big potential problem. it would no doubt cause prices on homes to fall? liz: to rise? >> i'm sorry. liz: if you took the mortgage deduction it would cause prices to rise. >> we would see prices fall because the demand for homes would teeter. this is big decision whether deciding to rent or purchase. you remove that incentive people will drop out of the marketplace. all of sudden a lot of potential homebuyers would-be homebuyers drop out of the marketplace and cause decline in prices up to 10%. this could really undermine any momentum we've seen in the housing market as of late. liz: that is in
that formerly sacred and untouchable deduction is on the table for fiscal cliff talks. that costs the government $100 billion a year. you know they're looking at every rock for revenue. it would take buyers away from the house market and it could be devastating to the economy. we have lindsey piegza and dan mitchell, from the cato institute. welcome to you both. lindsey, let me start with you. we shouldn't be surprised everything is on the table here, right? >> sure. but this is a big...
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Nov 27, 2012
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cliff talks. >> pelley: major, what is the white house willing to put on the negotiating table? >> scott, just about everything except social security. the president argues that social security is not driving the deficit problem. it has solvency issues of its own but the president wants those dealt with downstream, sometime next year and on a separate track. now congressional republicans, especially those eager-- or at least willing-- to raise tax revenue want social security, medicare and medicaid as part of the fiscal cliff negotiations. if that's the price tag of a grand bargain, the white house says at least where social security is concerned it's not going to buy. scott? >> pelley: major, thanks very much. it appears the new president of egypt may be backing away from the biggest crisis there since the revolution. there have been four days of protests after president mohammed morsi seized near absolute powers saying that his decisions cannot be overturned by the courts. well, tonight we're hearing that talks between morsi and the supreme court continue with an eye toward co
cliff talks. >> pelley: major, what is the white house willing to put on the negotiating table? >> scott, just about everything except social security. the president argues that social security is not driving the deficit problem. it has solvency issues of its own but the president wants those dealt with downstream, sometime next year and on a separate track. now congressional republicans, especially those eager-- or at least willing-- to raise tax revenue want social security,...
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Nov 30, 2012
11/12
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healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax on investment income and reduced deductions for those of all incomes. >> this is not an incon quincable thing. you are -- incon consequencial thing. >> those affected most will the small businesses many of which pay taxes at the individual rate and get a double whammy with the simultaneous end of the bush tax cut and tax increases under obamacare. almost 60% increase in tax on investment. >> entrepreneurs with small businesses, certain number of workers now they will be facing a four or five, 10% point increase in the tax liabilities. that means they will have income to invest
healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax...
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Nov 27, 2012
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look, this fiscal cliff they're talking about simply isn't high enough for a fatal plunge. when we get to the cliff that we could die on, then they'll start talking about less government and cutting spending. >> sean: how much further can you go? i mean $16 trillion, headed to $20 trillion, headed to $25 trillion. look, black friday, this was on drudge, just put up late tonight, literally 200 -- however much it is -- per person in this country, $susa $200 ande dollars, every child born today in debt. seems to me there's a moral case to be made that stealing from your kids and grandkids is one that would resonate. living within your means is one that would resonate. i don't hear anybody discussing it. republicans talk about caving. >> sean, we live in culture where you're greedy to keep the money you earn but not greedy to take away the money that somebody else earns. everything is turned upside down. they're talking about tax increases to save our economy. that's like telling a heart patient to eat more fatty foods. it just doesn't work. sean, you cited an interesting stati
look, this fiscal cliff they're talking about simply isn't high enough for a fatal plunge. when we get to the cliff that we could die on, then they'll start talking about less government and cutting spending. >> sean: how much further can you go? i mean $16 trillion, headed to $20 trillion, headed to $25 trillion. look, black friday, this was on drudge, just put up late tonight, literally 200 -- however much it is -- per person in this country, $susa $200 ande dollars, every child born...
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Nov 20, 2012
11/12
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sources say it might have been papered oaf in the campaign, fiscal cliff talks that could create enormous tension with lawmakers, and mr. obama's liberal base. shannon? >> shannon: mike emanuel thank you. well, still ahead, the human toll for people who are not fighting in israel and gaza. first, to rebuild or not to rebuild? after superstorm sandy. just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. >> shannon: tonight, rental car shortal by thanksgiving week. thousands of cars, including rep tall, drive in demand and higher prices for vehicles that are still available. if you own property in disaster zone there are also questions tonight about whether you should rebuild or even be allowed to. senior correspondent rick leventhal has thatory from staten island. >> new york city collected more than a quarter billion tons
sources say it might have been papered oaf in the campaign, fiscal cliff talks that could create enormous tension with lawmakers, and mr. obama's liberal base. shannon? >> shannon: mike emanuel thank you. well, still ahead, the human toll for people who are not fighting in israel and gaza. first, to rebuild or not to rebuild? after superstorm sandy. just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says...
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Dec 3, 2012
12/12
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obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's plan which included $1.6 trillion in tax revenue coming largely from an expiration of bush era tax cuts for families who make more than $250,000 a year. geithner says that's a must. >> there's not going to be an agreement without rates going up. >> reporter: the administration's plan also included $50 billion in new stimulus spending. boehner says the entire proposal represented three weeks of wasted time. >> i was just flabbergasted. i looked at him and said you can't be serious. >> reporter: the house speaker says republicans have put increased revenues, including efforts to close tax loopholes and reform the tax code, on the table instead of ra
obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's plan which included $1.6 trillion in tax revenue coming...
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america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know if it's good vote do you think a lot of americans do so then why is the media talking about it incessantly we're also going to i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if they're not really trying to work together there are three business chann
america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know if it's good vote do you think a lot of americans do so then why is the media talking about it incessantly we're also going to i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you...
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Dec 2, 2012
12/12
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cliff talks. in two huge interviews on "fox news sunday" today. chris wallace sitting down for exclusive interview with republican house speaker john boehner. he also got the white house position from treasury secretary tim geithner. >> i would say we're nowhere, period. we're nowhere. we put a serious offer on the table to put the re-knews up there to get the question resolved and the white house responded with virtually nothing. they actually asked for more revenue than they have had for the entire time. >> you heard them for the first time in two decades, acknowledge they are willing to have revenues go up as the balance plan. that is to good first step but they have to tell us what they want to do on rates and re-knews. that is hard for republicans and we understand that. but there is no way without that. they have to tell us on the spending time what they want to do go beyond and what makes sense to them. >> jamie: joining me now the anchor of "fox news sunday," chris wallace. good morning. >
cliff talks. in two huge interviews on "fox news sunday" today. chris wallace sitting down for exclusive interview with republican house speaker john boehner. he also got the white house position from treasury secretary tim geithner. >> i would say we're nowhere, period. we're nowhere. we put a serious offer on the table to put the re-knews up there to get the question resolved and the white house responded with virtually nothing. they actually asked for more revenue than they...
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Dec 2, 2012
12/12
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fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is pretty clear to me they made a political calculation. >> president barack obama and gop leaders held one face to face meeting on the fiscal cliff since the election. that meeting took place more than two weeks ago. >>> the kansas city chiefs suited up and took the field today against carolina. that's despite the shock and horror of yesterday's suicide of linebacker jevon belcher. stay right there with full details in a full report on cnn in just a minute. >>> high winds and heavy rain are pummeling the northwest. the rainfall will continue throughout the day. some places have a
fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is...
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Nov 28, 2012
11/12
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lack of progress on fiscal cliff talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while the hang seng fell half of a percent. the deficit reduction talks weighed on wall street. the dow lost 9 points while the nasdaq gave up 9 points. brick-and-mortar sales reported increased sales to kick off the holiday shopping season. home prices in most major american cities are on the rise. a survey showed prices rose 3% in september. the bangladesh garment factory where 112 people were killed produced clothes for disney and walmart and sears. the ap discovered clothing and records connected to the retailers inside the remains of the factory. walmart says it stopped doing business with the factory after learning the facility was deemed high risk. this morning three factory officials were arrested on suspicion they locked the workers inside the building. the surge in cyber monday shopping on monday means big business for shippers. federal express expects to deliver 280 million packages during the holiday season. to handle
lack of progress on fiscal cliff talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while the hang seng fell half of a percent. the deficit reduction talks weighed on wall street. the dow lost 9 points while the nasdaq gave up 9 points. brick-and-mortar sales reported increased sales to kick off the holiday shopping season. home prices in most major american cities are on the rise. a survey showed prices rose 3% in september. the...
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Dec 9, 2012
12/12
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aides are talking behind the scenes. fiscal cliff, just 24 days away. >>> he's nba royalty. one of the best basketball players of all time. talking about kareem abdul-jabbar. he thrilled millions of fans with the sky hook, his trademark move on the court, a six-time. he's also the nba's all-time leading scorer. he is also among thousands of americans living with leukemia. kareem says his diagnose is not as a death sentence but as a manageable disease. >> in december of 2008, i was diagnosed. it came after a long series of night sweats and stuff that would come and go. it was months. i really should have gone and talked to my doctor about it earlier. but i thought it was just me getting older. and it was really symptoms of the type of leukemia i have, which is called cml, chronic myaloid leukemia. being able to give over cml patients that they are not alone and that they can treat their condition and survive is very important. that's why i'm partners with novartis who's been very important to me. their medication has enabled me to live my life to the fullest. i've thought abo
aides are talking behind the scenes. fiscal cliff, just 24 days away. >>> he's nba royalty. one of the best basketball players of all time. talking about kareem abdul-jabbar. he thrilled millions of fans with the sky hook, his trademark move on the court, a six-time. he's also the nba's all-time leading scorer. he is also among thousands of americans living with leukemia. kareem says his diagnose is not as a death sentence but as a manageable disease. >> in december of 2008, i...
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Nov 24, 2012
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. >>> possible new wrinkle in the fiscal cliff talks. both sides are going to be able to iron that out before we wring in 2013. we're hoping, right? we'll talk about that, it's next. plus the lessons that can be learned from the new film "lincoln." we're going to talk to the woman who wrote the book on it. if you think you missed out on black friday prices at the home depot, think again. black friday prices are still here. instore and online, right now. where prices have been cut, chopped, and sanded... ...on the most powerful tools that cut... ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. get a special buy on a ryobi 2 piece lithium ion kit for just $99. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ male announcer ] it's that time of year again. medicare open enrollment. time to co
. >>> possible new wrinkle in the fiscal cliff talks. both sides are going to be able to iron that out before we wring in 2013. we're hoping, right? we'll talk about that, it's next. plus the lessons that can be learned from the new film "lincoln." we're going to talk to the woman who wrote the book on it. if you think you missed out on black friday prices at the home depot, think again. black friday prices are still here. instore and online, right now. where prices have been...
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sandra: it is down today on the fiscal cliff talks. a lot of analysts have been saying the buyers can start to stiffen at some of these technical levels. gold prices up about 9% so far this year. you could all facilities miner etf's. the gold miners etf, gd x, it is down a hefty 11% for the year. why hasn't it been tracking the price of gold? miners do better when gold prices go up. a lot of analysts are saying add this to your portfolio. this is the largest gold etf that actually buys the metal and stores it. you have been experiencing some of the 10% gains. it subtracts the price of the metal. the miners have not. here are a couple of examples. we will have more in the next hour. very, very low valued right now. very cheap stock. it is down double digits for the year. look at this year to date chart. underperforming the price of gold in a huge way. it's earning power still very strong. the recommendation is a buy rating right now. also, by the way, a new dividend, there are a lot of them here. we will take a look at ones that are val
sandra: it is down today on the fiscal cliff talks. a lot of analysts have been saying the buyers can start to stiffen at some of these technical levels. gold prices up about 9% so far this year. you could all facilities miner etf's. the gold miners etf, gd x, it is down a hefty 11% for the year. why hasn't it been tracking the price of gold? miners do better when gold prices go up. a lot of analysts are saying add this to your portfolio. this is the largest gold etf that actually buys the...
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Nov 23, 2012
11/12
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as the talks wind down on the fiscal cliff talks, a higher gas tax in the deal. the market watcher says that they can't afford to pay anymore. it could be good for the economy, margery how so? it's regressive tax, hits those without money. >> and how do we pay for necessary things, and not create are more deficit. and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the consumers and seen 1.50 jump in gas prices. what this would probably do, we don't have it on paper is pay for things like road repairs and necessary things like that. why is it good? it encourages innovation, car pooling, people to kind of watch, and conserve frankly we have to think about the national security issues and conservation. >> nan: kevin, i know you don't agree with this one. >> no, i can't believe that a gas tax could be the answer to the fiscal cliff or anything else, more taxes not the answer here, and the stronger economy, but this is really a tax on the middle clas
as the talks wind down on the fiscal cliff talks, a higher gas tax in the deal. the market watcher says that they can't afford to pay anymore. it could be good for the economy, margery how so? it's regressive tax, hits those without money. >> and how do we pay for necessary things, and not create are more deficit. and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the...
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Nov 26, 2012
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we talk about the taxes with the looming fiscal cliff. this as president obama's aides owe bunch of back taxes. abc did the story in january. the i.r.s. released the federal employee and the retiree delinquently inventory and it shows 36 of obama's aides owe $833,970 in back taxes. other government employees owe a lot too. at the epa, 413 people owe more than $19 million. 185 employees owe $3 million in back taxes. five people at the tax court owe $62,508. there has been no followup by abc or any other organization. there is no word of update from the u.s. government. or a follow township the i.r.s. report might be available. they want teenagers to get faster track for morning after pill. they want them to make advanced prescriptions available to girls under 17. current federal policy bands sales of the pills to girls under 17. so having a prescription on hand could let them obtain emergency contraception quic quickly. saudi husbands receiving the text message alerts if their wives attempt to leave saudi arabia. the saudi author and journ
we talk about the taxes with the looming fiscal cliff. this as president obama's aides owe bunch of back taxes. abc did the story in january. the i.r.s. released the federal employee and the retiree delinquently inventory and it shows 36 of obama's aides owe $833,970 in back taxes. other government employees owe a lot too. at the epa, 413 people owe more than $19 million. 185 employees owe $3 million in back taxes. five people at the tax court owe $62,508. there has been no followup by abc or...
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Nov 22, 2012
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so right now, robert, politico's headline, rough start for fiscal cliff talks. this piece is suggesting staffers aren't having an easy time with this. is it looking more like we're going to have one of these two-part solutions, kind of like where wheef been before, that somehow they're going to punt partly again? >> possibly. it looks that way. it looks like perhaps there's going to be a band-aid right now to get us through the end of the year, beginning of next year, and then actual -- a real substantive conversation when the next congress gets sworn in. or, this could well be we're seeing the sausage made here where both sides are in deep negotiations where they're really sticking to their ground here, but knowing there's going to be wiggle room back and forth. you put your hand out there first, strong hand, knowing there's a little bit of wiggle room. i think what we're seeing is the sausage -- i hope that we're seeing is the sausage being made here, and they're closer to what they really want to put out there. they're doing that, because both sides have so m
so right now, robert, politico's headline, rough start for fiscal cliff talks. this piece is suggesting staffers aren't having an easy time with this. is it looking more like we're going to have one of these two-part solutions, kind of like where wheef been before, that somehow they're going to punt partly again? >> possibly. it looks that way. it looks like perhaps there's going to be a band-aid right now to get us through the end of the year, beginning of next year, and then actual -- a...
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cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: secretary geithner says the white house $4 trillion plan has 2 to 1 ratio of cuts to spending increases. but everything we heard from speaker boehner suggests the $1.6 trillion in new revenue the white house wants is too much. especia
cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the...
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to avoid the fiscal cliff. we'll hear from tennessee republican senator bob corker. >>> cyber monday is here. we'll show you how shoppers are finding the best online deals. >>> and we'll reveal the five things you should know to avoid delayed airline flights. that and a whole lot more coming up on "cbs this morning." for now, that is the morning news for this monday. appreciate you watching. i'm terrell brown in new york. take care, everybody, have a great day. ,,,,,, . >>> you're watching cbs 5 eyewitness news this morning. >>> good morning everybody. it is monday november 26th. i'm frank mallicoat. >> and i'm michelle griego. time is 4:30. >>> be aware out there. there's heavy fog out there across much of the bay area. >> visibility is especially bad on bridges. anne makovec is by the bridges with conditions there. it was foggy this morning, ann. >> reporter: yeah, i'm standing on the embarcadero. you can't see it very well, but drivers should be aware there is fog on all of bay area bridges and on the
to avoid the fiscal cliff. we'll hear from tennessee republican senator bob corker. >>> cyber monday is here. we'll show you how shoppers are finding the best online deals. >>> and we'll reveal the five things you should know to avoid delayed airline flights. that and a whole lot more coming up on "cbs this morning." for now, that is the morning news for this monday. appreciate you watching. i'm terrell brown in new york. take care, everybody, have a great day....
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that is president obama's lead negotiator in the fiscal cliff talks. it's all happening tomorrow on fox news sunday. check your local listings for the time and channel in your area. >> rick: speak of the president, we could soon be learning who he wants to have serve in his administration in his second term. source telling fox news, a slate of nominations could be coming this month and that would likely include a replacement for the defense secretary, leon panetta, and if that does happen, it will come a little sooner than a lot of people had expected. the short list reportedly includes former republican senator chuck hagel, deputy defense secretary ashton carter, michelle floroni, a top official and democratic senator john kerry >> arthel: a reported murder-suicide rocking the nfl today. police say kansas city chiefs linebacker gentleman von belcher shot and killed his girlfriend this morning. he than drove to arrowhead stadium where he killed himself in front of his coach and general manager. elizabeth prann live from atlanta with more on this very s
that is president obama's lead negotiator in the fiscal cliff talks. it's all happening tomorrow on fox news sunday. check your local listings for the time and channel in your area. >> rick: speak of the president, we could soon be learning who he wants to have serve in his administration in his second term. source telling fox news, a slate of nominations could be coming this month and that would likely include a replacement for the defense secretary, leon panetta, and if that does...
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Nov 28, 2012
11/12
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the fiscal cliff debacle,% just when it seems like some movement was being made we're hearing a new idea that could derail all of it, a hike in the federal gas tax. we're going to -- are we going to see higher prices as a result of this deal? with me now is senator jim inhofe. welcome to the show, thanks so much for coming on. >> nice to be with you, mole list is a. melissa: what do you think, a higher federal gas tax. this was getting a lot of buzz throughout the day today. do you think it is a real possibility? >> no. well, yeah it has a possibility but melissa, you have to keep in mind, they're doing this because the only popular tax around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did in 1993. about a nickel increase e
the fiscal cliff debacle,% just when it seems like some movement was being made we're hearing a new idea that could derail all of it, a hike in the federal gas tax. we're going to -- are we going to see higher prices as a result of this deal? with me now is senator jim inhofe. welcome to the show, thanks so much for coming on. >> nice to be with you, mole list is a. melissa: what do you think, a higher federal gas tax. this was getting a lot of buzz throughout the day today. do you think...
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talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so go there i guess i'm not as informed as they should be but i just kind of figure it might work out do you think most people feel that way you know even most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah do you think there's actually something to worry about or do you think it's something the politicians in the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas people fall into a trip when it comes to real life. people that don't do their job. yeah which is all of them in a word yes yes it's t
talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so go there i guess i'm not as informed as they should be but i just kind of figure it might work out do you think most people feel that way you know even most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex...
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Nov 27, 2012
11/12
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we're not talking about turkey. we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u
we're not talking about turkey. we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant...
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Dec 11, 2012
12/12
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cliff talks, don't talk about the fiscal cliff talk. both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday in michigan the president said he was open to spending cuts but held firm to raising taxes on the wealthiest americans. >> what you need is a package that keeps tacks where they are for middle-class families, we make some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a splietly higher tax rate and that's a sprins pl i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all of our tax breaks and then we're asking students to pay higher student loans. >> ah, but republican sena
cliff talks, don't talk about the fiscal cliff talk. both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday in michigan the president said he was open...
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before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that hillary clinton laid out pretty clearly? >> it was very important for her to draw a very clear line. because any use of chemical weapons has to be responded to internationally. i'm sure the secretary of state is immersed with russia right now, is in negotiations with russia for a united front against this absolutely unacceptable possibility. >> okay. so she's laid that out. but then the next step, of course, if, in fact, they're putting together the components that create sarin gas and they're leading these into weapons, are we going to war insider to stop this? the united states. >> i think that the u.s. is going to be laying out a series of actions in partnership with some other
before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that hillary clinton laid out pretty clearly? >> it was very important for her to draw a very clear line. because any...
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Dec 11, 2012
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because this is a big deal, and we're talking about a fiscal cliff and great drama. if we stay on the same spending path, i thought i'd show you what happens if we change it to the boehner plan, the obama plan. let's start out with the do-nothing plan, because that's the plan we've got right now. the congressional budget office estimates our fiscal year 2013 deficit will be, well, $104 trillion for fiscal 2013, okay? and here's what happens to our national debt as a result of this baseline. it's going tt surge from $16.3 trillion to $17.5 trillion at 2013, then we get out here to about 2014, it's going to be, well, it's going to be about 19.4. 20.3 trillion, 20.3 trillion if we do nothing in 2016: and by 2022, out here, it's going to be $25.8 trillion. that's if we do nothing about this spending, this runaway spending, this irresponsible government. now let's take a look at what happens if president obama gets tough, and he gets it done. the president calling for $1.6 trillion in higher taxes. he wants $82 billion a year from that top 2%. by the way, that's the same
because this is a big deal, and we're talking about a fiscal cliff and great drama. if we stay on the same spending path, i thought i'd show you what happens if we change it to the boehner plan, the obama plan. let's start out with the do-nothing plan, because that's the plan we've got right now. the congressional budget office estimates our fiscal year 2013 deficit will be, well, $104 trillion for fiscal 2013, okay? and here's what happens to our national debt as a result of this baseline....
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Nov 21, 2012
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now let's talk about the fiscal cliff and house and senate leaders expected to meet with the president next week and hopefully negotiations will continue. staffers reportedly have made little progress over the last week. politico is writing this saying that the gop's opening offer, the sources said would freeze the bush era tax rates, change the inflation can clated for entitlement programs, keep the estate tate at 2012 levels and overhaul of the tax code and not provide a revenue target. martin, if this is the starting point, if that's the starting point -- are republicans as serious about compromise as they claim? >> that offer's like the sticker price at a car dealership. >> with room. >> you know you won't pay that and then the big question unanswered now is will republicans budge on rates or revenue? we have to distinguish. republicans are open to increasing tax revenue by a cap in deductions, closing loopholes and so far they haven't shown willingness to moving tax rates up for upper income americans. do they talk about entitlements? folks on the left say we're not touching entit
now let's talk about the fiscal cliff and house and senate leaders expected to meet with the president next week and hopefully negotiations will continue. staffers reportedly have made little progress over the last week. politico is writing this saying that the gop's opening offer, the sources said would freeze the bush era tax rates, change the inflation can clated for entitlement programs, keep the estate tate at 2012 levels and overhaul of the tax code and not provide a revenue target....
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Nov 26, 2012
11/12
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shay, you talk about investors, how aware are consumers about the coming fiscal cliff and do you get the sense they are factoring the uncertainty about what is going to happen into their decision about how much this spend this christmas? >> consumers are very aware of this. we have been in the field since about labor day, and, the numbers ranged anywhere from 65% to 80%, of respondents, so shoppers have said, they are aware of what is going on. they may not be able to put every facet on what the fiscal cliff means but economic uncertainty, generally, because it is such a point of contentious between the political parties, we talk about it every day and it is the leading headline of the day, they are thinking of that and -- >> scaling back? >> well, i think it means that they are no spending as robustly as they would, because, they still don't know what will happen and it is very clear, just as john said, about investors, that ceos of companies, whether large or small, business owners, are thinking about what is going on in the economy and what might happen next year, before they make
shay, you talk about investors, how aware are consumers about the coming fiscal cliff and do you get the sense they are factoring the uncertainty about what is going to happen into their decision about how much this spend this christmas? >> consumers are very aware of this. we have been in the field since about labor day, and, the numbers ranged anywhere from 65% to 80%, of respondents, so shoppers have said, they are aware of what is going on. they may not be able to put every facet on...
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Dec 16, 2012
12/12
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ed rollins joins us to talk about the fiscal cliff from the future of the republican party, and oh, yes, going back in time and we will give the preident an accounting of how he would look circa 1985. ed rollins joins us the one well, the president and the speaker matt. they apparently wrote no new vistas of opportunity to resolve the fiscal cliff. we will be taking that up with ed rollins next. president reagan's former political director. let's turn the wall street in moneyline. washington, what will it be able to resolve? concerns over inflation and other important economic reports. a big decline in gasoline prices last month. year-over-year inflation running a 20%. investors backing away from stocks. the s&p is down six points from the nasdaq lost 21. on the big board, just under 3 billion shares for the week. the dow jones down 23 points. the s&p up 4.5. nasdaq is down seven times -- seven points. the iphone is having less than enthusiastic reception. additionally, news that a federal jury found apple infringed upon free patterns, owned by mobile media ideas, a joint venture of gno
ed rollins joins us to talk about the fiscal cliff from the future of the republican party, and oh, yes, going back in time and we will give the preident an accounting of how he would look circa 1985. ed rollins joins us the one well, the president and the speaker matt. they apparently wrote no new vistas of opportunity to resolve the fiscal cliff. we will be taking that up with ed rollins next. president reagan's former political director. let's turn the wall street in moneyline. washington,...
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Nov 25, 2012
11/12
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will they come up with a way to avoid the fiscal cliff? finishes [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. see if america's most prescribed ed treatment is right for you. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ mal
will they come up with a way to avoid the fiscal cliff? finishes [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing,...
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Nov 26, 2012
11/12
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then is the looming fiscal cliff casting a shadow over shoppers and investors this holiday season? visions of bargains are dancing in the heads of consumers. will the possibility of higher attackses slow them down. we'll talk with matthew shay, president of the national retail federation and john sweeney of fidelity investments. the holiday is over for white house and congressional leaders trying to make a deal. we'll ask our sunday panel if they can reach a compromise. >>> a thanksgiving tradition, our power player of the week has me dancing with turkeys, all right now on "fox news sunday." >> chris: hello again from fox news in washington. on this holiday weekend we're watching several major foreign policy developments from egypt to gaza to the continuing converse over the benghazi attack. to talk about it all is senator john mccain. welcome back to "fox news sunday." >> thank you. dancing with turkeys? >> chris: you'll have to wait until the end of the show to see. >> that's what we're doing now. >> chris: let's start with egypt where president morsi granted himself unchecked po
then is the looming fiscal cliff casting a shadow over shoppers and investors this holiday season? visions of bargains are dancing in the heads of consumers. will the possibility of higher attackses slow them down. we'll talk with matthew shay, president of the national retail federation and john sweeney of fidelity investments. the holiday is over for white house and congressional leaders trying to make a deal. we'll ask our sunday panel if they can reach a compromise. >>> a...
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Nov 26, 2012
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we'll talk with nbc's raul reyes. he says in this case it may be better to dream than to achieve. >>> after getting heat for gender discrimination, toys "r" us have now revamped one of their catalogs outside of the u.s. boys playing with dolls and girls with play guns. this is our news nation gut check. >>> be sure to check out the news nation page. you'll see it behind newsnati . newsnation.tumblr.come. ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. look at these teeth! they're made for meat! [ cat 2 ] do i look like i'm stalking plants? [ male announcer ] most dry foods add plant protein, like gluten but iams never adds glu
we'll talk with nbc's raul reyes. he says in this case it may be better to dream than to achieve. >>> after getting heat for gender discrimination, toys "r" us have now revamped one of their catalogs outside of the u.s. boys playing with dolls and girls with play guns. this is our news nation gut check. >>> be sure to check out the news nation page. you'll see it behind newsnati . newsnation.tumblr.come. ♪ [ male announcer ] everyone deserves the gift of all day...
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Nov 22, 2012
11/12
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CNNW
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the other question, this has been talked about as a fiscal cliff, but i later heard it described as a potential stair case, where there will be stages, rather than just one deal that ends it all. this may be something where it comes down a little bit more gradually. and you have republicans who want to say let's pass legislation now. we passed it in the house to keep the tax rates where they are, to stave off the fiscal cliffs. and democrats say we won't pass anything that extends the ratings for everybody. so the question is, what does this opening move look like. i don't think there will be much agreement on even what the opening move looks like, moving forward. >> we don't want to be pessimistic, it is almost thanksgiving, let's all just wish each other happy thanksgiving, and wish all of our politicians to come back afterwards and just get some deals done. thank you both very much for joining me. >> thank you for having us. >> and we'll be right back. con- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total
the other question, this has been talked about as a fiscal cliff, but i later heard it described as a potential stair case, where there will be stages, rather than just one deal that ends it all. this may be something where it comes down a little bit more gradually. and you have republicans who want to say let's pass legislation now. we passed it in the house to keep the tax rates where they are, to stave off the fiscal cliffs. and democrats say we won't pass anything that extends the ratings...
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Dec 9, 2012
12/12
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republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that? >> what he's saying is give me the unilateral right to raise the debt ceiling, which congress had has had to approve, then congress can disapprove with a two-thirds vote. that would mean i could increase it when he wants. it's very unlikely that -- almost impossible, republicans in congress would go along seeding there kind of authority with the president. they might agree to increase the debt limit for enough money to take him through the end of the term. but they're not just going to give him or future presidents the authority to increase the debt limit. that's part of the power congress has. >> we hope to see them working hard at this, time getting close to the end of the year. >> 23 days and counting. >> keep the stopwatch going. happy sunday. >> you bet, thank you. >> d
republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that? >> what he's saying is give me the unilateral right to raise the debt ceiling, which congress had has had to approve, then congress can disapprove with a two-thirds vote....